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Turkmenistan hopes of setting up common Caspian market 30 Jun 2019

Turkmenistan hopes of setting up common Caspian market

Senior Adviser to Turkmenistan’s President for International Affairs Sardar Dordiev said that his country hopes of establishing common Caspian market.

Free zones, gateway for promoting economic ties between Iran, India 30 Jun 2019

Free zones, gateway for promoting economic ties between Iran, India

Member of Iran-India Friendship Association Masih Mir-Hosseini said on Sunday that free zones can help promote economic relationship between Islamic Republic of Iran and India.

‘Useless’ INSTEX cannot solve Iran’s economic problems: MP 30 Jun 2019

‘Useless’ INSTEX cannot solve Iran’s economic problems: MP

An Iranian lawmaker described the EU-proposed INSTEX as a ‘useless’ mechanism which cannot solve Iran’s economic problems.

Govt. ratifies no visa policy for Chinese visiting Iran 30 Jun 2019

Govt. ratifies no visa policy for Chinese visiting Iran

The Cabinet approved no visa policy for Chinese tourists visiting Iran, deputy head of Iran Cultural Heritage, Handcraft and Tourism Organization announced.

EU mechanism for trade with Iran now operational: statement 30 Jun 2019

EU mechanism for trade with Iran now operational: statement

French, British and German officials announced in a statement on Friday that the trade mechanism with Iran aimed at circumventing US sanctions, dubbed INSTEX, has been operational.

Iran oil refining capacity to reach 2.4 mbd by March 30 Jun 2019

Iran oil refining capacity to reach 2.4 mbd by March

Plans are under way to bring Iran’s oil refining capacity to 2.4 million barrels per day by the end of the current Iranian calendar year to March 20, 2020.

Iran delivers 1st Chinese oil purchase since May: report 26 Jun 2019

Iran delivers 1st Chinese oil purchase since May: report

According to a report, National Iranian Tanker Company (NITC) delivered oil to the Jinxi Refining and Chemical Complex in China, marking the first confirmed delivery of Iranian crude purchased after the Trump administration’s revocation of waivers permitting the sale of Iranian oil on May 2.

Oil exports rising despite US sanctions, says CBI governor 26 Jun 2019

Oil exports rising despite US sanctions, says CBI governor

Governor of the Central Bank of Iran, Abdolnaser Hemmati, said Wed. that despite sanctions and US’ efforts to undermine Iran’s oil sector, the country’s oil exports are on the rise.

‘Foreign vessels passage through Iranian waters ongoing’ 26 Jun 2019

‘Foreign vessels passage through Iranian waters ongoing’

Head of Iran’s Ports and Maritime Organization (PMO) said all major foreign shipping companies are passing through Iran's waters on their normal basis and Iranian ports are also operating as before. As reported by IRNA, Mohammad Rastad made the remarks on the sidelines of a ceremony on the occasion of World Hydrography Day in Tehran on Tuesday.

CGT for more productivity, less reliance on oil income 26 Jun 2019

CGT for more productivity, less reliance on oil income

In order to reduce intention for investment making in non-productive sectors, many countries impose capital gains tax (CGT) which is a tax on capital gains with different rates of taxation for individuals and corporations.